Sentence examples for condominium tax from inspiring English sources

The most comprehensive tax abatement program available to co-op shareholders is the Co-op and Condominium Tax Abatement Program.

For example, he said, the Co-op and Condominium Tax Abatement is computed only after taking into consideration any other exemptions or abatements that have been received.

On June 1, Gov. George E. Pataki signed into law a four-year extension of the Co-op and Condominium Tax Abatement Program.

And while most co-ops pass along the Co-op and Condominium Tax Abatements to shareholders as a credit against monthly maintenance charges, some co-ops use the tax savings to increase reserves.

The most common are the J-51 program, the Senior Citizen Homeowners Exemption program, the Veterans Property Tax Exemption program, the New York State School Tax Relief program and the Co-op and Condominium Tax Abatement program.

That, he said, was accomplished in 1996 with the passage of the Co-op and Condominium Tax Abatement Program, which provides property tax abatements to co-op and condominium owners who reside in their apartments.

A five-night package including air fare from the West Coast, a condominium, car, taxes, breakfast, etc. ($669 per person for six days, five nights) is being offered now through April 5 and resuming April 21.

With the condominiums, the taxes would be expected to rise to $300,000 in taxes a year.

The opening remarks, at 8 30 a.m., are to be given by the City Council speaker, Peter F. Vallone, who will discuss prospects for extending the city's co-op and condominium real estate tax abatements, which are due to expire on June 30.

"Either us or future investors could look to sell this as a condominium when the tax abatement expires," said Victor Sigoura, the chief investment officer of the Naftali Group, citing amenities that include a roof deck with cabanas, a lounge, on site parking and a gym.

The program, which is intended to equalize the taxes paid by co-op and condominium owners with taxes paid by other residential homeowners, has been in effect since 1996.